Forest Lake, IL Housing Market
$470,683
7.1% 1-yrThe average Forest Lake, IL home value is $470,683, up 7.1% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Forest Lake Key Takeaways
Typical Home Values: $470,683
1-Year Value Change: +7.1%
(Data through September 30, 2026)
Forest Lake Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Forest Lake
- NameMedian ZHVI
- Winston Knolls$475,846
- Poplar Hills$517,930
- Green Oaks$794,639
- Scarsdale$684,453
- Knollwood$466,932
- Highpoint$433,010
- Highlands$399,856
- Westown$144,410
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Forest Lake Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Forest Lake, IL?
The median home value in Forest Lake, IL is $470,683 as of September 2026. This represents a 0.5% increase compared to last month and a 7.1% increase year-over-year.
How have home values changed in Forest Lake, IL?
Home values in Forest Lake, IL have increased by 0.5% month-over-month and 7.1% year-over-year.
How do home values in Forest Lake, IL compare to Lake County, Illinois, and the national average?
The median home value in Forest Lake, IL ($470,683) compares to: Lake County ($398,052), Illinois ($295,943), and the U.S. national median ($366,157).
